Fiserv bets on gig-economy payments with $140 million deal for Canada's Payfare

Mihaela Chircă

:U.S. fintech firm Fiserv will buy Canada's Payfare in a C$201.5 million ($140 million) deal as it looks to expand payments offerings for gig-economy workers, the companies said on Monday. The transaction, expected to close in the first half of 2025, comes months after Payfare began a strategic review of its business, and values its stock at a 90 per cent premium to last closing price. The deal will allow Fiserv to expand its footprint in a fast-growing market. Gig-economy workers often access

Fiserv bets on gig-economy payments with $140 million deal for Canada's Payfare https://www.channelnewsasia.com/ - 23.12.2024 19:56

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Fiserv bets on gig-economy payments with $140 million deal for Canada's Payfare https://www.channelnewsasia.com/ - 23.12.2024 19:56